Karachi, October 28, 2014 (PPI-OT): Lasbela Chamber of Commerce and Industry (LCCI) has demanded of the government to reduce POL prices for at least Rs10 per litre as world oil prices are constantly falling. President LCCI, Yakoob AKarim said in a statement that government is bound to practice price mechanism of the petroleum and whenever its price goes down the government should also reduce it at the same ratio locally but he said
that unfortunately it is not being practiced by present government by following the practice of the previous regimes.

Yakoob said that PML-N government as per its claim of being the business and investment friendly should reduce the POL prices honestly as the people of Pakistan deserve it. He said that the masses in general and trade and industry in particular need some sigh of relief at this juncture when everyone is remains under the heavy burden of unaffordable prices of utilities.

He further lamented the increase of Rs0.52 per unit on the pretext of fuel adjustment which he declared uncalled for and unjustified. He warned that industries are closing down country wide due to unbearable cost of production and energy crisis. Yakoob said that present has done nothing to overcome energy crisis except increasing electricity, gas and other utilities prices frequently.